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$OI's effective tax rate for 2015 grew to 179.7% from 42.2% in 2014. Excluding amounts on items that management considers not representative of ongoing operations, tax rate grew to 25% from 22%. The 2015 tax rate was higher due to geographic earnings mix and timing issues on establishment of legal structure for acquired operations in Mexico.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?